Five Star Bancorp Announces the Hiring of San Francisco Bay Area Banking Professional and the Full Exercise and Closing of Underwriters’ Option to Purchase Additional Shares in the Company’s Underwritten Public Offering

RANCHO CORDOVA, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), announced today the addition of Casey Grafeld, Senior Vice President / Managing Director, to Five Star Bank. Grafeld will help advance Five Star Bank’s expansion strategy in the San Francisco Bay Area with personalized, concierge commercial banking service in Marin County. 

“Casey Grafeld is an excellent addition to Five Star Bank’s San Francisco Bay Area team of highly experienced commercial banking professionals. He brings a great depth of knowledge and experience from over 30 years in banking and he has a stellar track record of client service and success. Adding Casey to our team exemplifies our commitment to expansion and client service in the San Francisco Bay Area,” said Five Star Bank San Francisco Bay Area Region President, DJ Kurtze.

“I joined Five Star Bank because of its emphasis on high-touch, personalized, concierge banking, the caliber of its people, its ability to deliver on promises to its customers, and its commitment to investment, expansion and success in the San Francisco Bay Area. I see myself as an advisor who puts my clients’ interests first, and Five Star Bank as a great example of an organization with excellent client service. I also am delighted to extend Five Star Bank’s Bay Area presence and personalized commercial banking services to Marin County, where I’ve lived for 25 years,” said Grafeld.

In his 30-year banking career, Grafeld held roles in relationship management, business development and senior management at banks including Wachovia Bank, Wells Fargo Bank, Bank of America Merrill Lynch, Signature Bank and Flagstar Bank. He also recently served as finance chair on the board of directors of the Marin AIDS Project. He earned a Bachelor of Arts degree in business economics with an emphasis in accounting from the University of California, Santa Barbara. 

The addition of Grafeld to Five Star Bank’s San Francisco Bay Area team of highly experienced commercial banking professionals is the latest in a series of the Company’s investments in the Bay Area this year. The investments exemplify Five Star’s commitment to fill a gap in high-tech, personalized concierge banking left by the Silicon Valley Bank, Signature Bank and First Republic Bank failures, and its belief in a strong Bay Area recovery and economy.